Job Description

• Ensuring compliance with the relevant Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) and associated sports legislation.
  
• Monitoring transactions of clients to determine whether or not the transactions are consistent with the clients’ profile.
  
• Monitoring of sanctions and Politically Exposed Persons (PEP) alerts
  
• Investigation of suspicious and unusual transactions.
  
• Review and escalation of Suspicious transaction reports thru Head AML/CFT to the Chief Compliance Officer.
  
• Keep abreast of present day AML/CFT problems.
  
• Providing advisory support to the branches on Know Your Customer (KYC) issues/enquiries.
  
• Providing timely responses to all request acquired from regulators/law enforcement corporations referring to KYC/AML/CFT troubles.
  
• Preparing a month-to-month compliance file highlighting the compliance issues inside the branches underneath their purview.
  
• Tracking and resolving all KYC/AML/CFT issues recognized in both outside and internal examinations/inspections inside agreed timelines.
  
• Providing applicable update to the Head AML/CFT on all KYC/AML/CFT troubles.
  
• Ensuring that individuals of team of workers are educated on KYC/AML/CFT troubles.
  
• Ensuring all accounts opened inside the branches are KYC compliant.
  
• Monitoring adherence to compliance related guidelines.
  
• Conduct tracking physical games on compliance problems in the branches.
  
• Monitor effectively the level of compliance with rules along with Gift and Entertainment Policy, Outside Business Interest (OBI) Policy.
  
• Effective monitoring of legislation and policies applicable to the branches. Assist and recommendation at the manner of identifying and monitoring PEPs and other focused high-threat folks and entities.

Key Responsibilities:

• Responsible for head to head AML/CFT education.
  
• Review of KYC of money owed opened within the branches
  
• Provide assistance on compliance troubles springing up out of pleasurable AML/CFT responsibilities.
  
• Keep abreast with the Stanbic IBTC/Standard Bank AML operations, standards and controls.
  
• Creation of recognition to contributors of group of workers on the way to discover suspicious cash laundering or terrorist financing interest and similarly assist in the reporting or investigation of suspicious and uncommon transactions whilst required.
  
• Providing recommendation, guide and steerage to branches on AML/CFT matters.
  
• Assist in imparting AML/ CFT assist to Operational areas to make sure powerful implementation of controls and procedures.
  
• Escalation of cloth problems to the Head, AML/CFT.
  
• Ensure right file retaining of KYC documents on the branches
  
• Ensure that Senior Management’s approvals are in region for all excessive-threat customers.
  
• The frequency of education in line with the education calendar.
  
• Timely resolution of AML/CFT enquiries and escalation of problems where vital.
  
• 100% KYC compliance status for newly opened money owed.
  
• Periodic cognizance advent on cash laundering or terrorist financing pastime.
  
• The timely rendition of monthly reports to the Head AML/CFT.
  
• Zero tolerance to fines and consequences on AML/CFT associated troubles from the branches overseen.
  
• Satisfactory AML/CFT audit of the branches overseen.
  
• Internal Relationships:
  
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• Build relationships & offer AML/CFT guidance to the wider business crew.
  
• Develop relationships with key enterprise, operational, inner audit & IT body of workers in the various businesses

• BSc (or another diploma qualification) with 2 to 3 years of experience
  
• Solid understanding of the nature of the business and products inside the banking surroundings.
  
• Ability to take the understanding of business wishes and operations and to translate it into chance control answers.
  
• Keep abreast of global tendencies and excellent exercise regarding AML/CFT.
  
• Ongoing awareness of AML/CFT sports and trends.
  
• Ability to present technically sound recommendation.
  
• Good knowledge of the banking environment, structures and strategies.
  
• Good and great running know-how of applicable money laundering and terrorist financing regulation and controls inside the Nigerian surroundings.
  
• Good know-how of the regulatory requirements within the worldwide environment.
  
• Knowledge/Technical Skills/Expertise.
  
  

Company Profile:

Salary: Not disclosed

Industry: Banking / Financial services / Broking

Functional Area:

Role Category: Commercial Manager

Employment Type: Full time

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